Direxion Moonshot Innovators ETFDirexion Moonshot Innovators ETFDirexion Moonshot Innovators ETF

Direxion Moonshot Innovators ETF

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Key stats

Assets under management (AUM)
‪21.38 M‬USD
Fund flows (1Y)
‪−5.07 M‬USD
Dividend yield (indicated)
2.12%
Discount/Premium to NAV
−0.3%

About Direxion Moonshot Innovators ETF

Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.65%
Home page
Inception date
Nov 12, 2020
Index tracked
S&P Kensho Moonshots Index
Management style
Passive
ISIN
US25460G7328
MOON targets US companies that pursue innovative and disruptive technologies, or moonshot innovators. The selection universe is drawn from companies in the S&P Kensho New Economy indices or from the Wireless Telecommunication or Internet industries. To construct the portfolio, the index picks the top 50 companies with the highest early-stage composite innovation scores. This score is based on a natural language processing (NLP) algorithm used for keyword searches relating to the theme and on the companies research and development expense ratio to revenue. While MOON may include stocks of all capitalizations in its portfolio, the fund aims to focus on mid- and small-cap stocks and exclude mega-cap stocks. Furthermore, the index applies modified equal-weightingstocks are first equal-weighted, and then adjusted to meet liquidity, industry group, and diversification constraints. The index is rebalanced quarterly and reconstituted semi-annually.

Classification

Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Broad thematic
Strategy
Fundamental
Weighting scheme
Tiered
Selection criteria
Fundamental
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Health Technology
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy